Other drivers of Meme stocksThe U.S. government flooded the nation with cash during the pandemic. Many young people took this cash not needed and traded it in the stock market and cryptocurrencies. This excess cash supported the higher stock prices and fueled further investment speculation. Retail investors (ordinary folk) were flush in cash because they had cut their spending while maintaining their income. In addition, some had received $1,200 checks courtesy of the Cares ...
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You and I want to invest in companies whose shares are going up. To increase your odds of your shares increasing, analyze a company’s risk profile, otherwise you are GAMBLING NOT INVESTING. Just like school, investing requires homework. You likely spent months or years to save enough money to invest. Take the time analyzing individual companies to pick the best stocks to invest your hard-earned money.
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Learning to read stock charts was critical to improving my wealth. Today's blog gives you a brief introduction. Next week let's continue building chart competency by examining support and resistance.
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